SAN DIEGO, Dec. 9, 2013 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a deadline to get actively involved is coming up on December 20, 2013 in the lawsuit filed on behalf of certain investors in shares General Cable Corporation (BGC) over alleged Securities Laws Violations by General Cable Corporation in connection with certain allegedly false and misleading statements made between May 2, 2011 and November 4, 2013.
If you purchased a significant amount of common stock General Cable Corporation (BGC) between May 2, 2011 and November 4, 2013, and / or if you purchased any BGC in 2011 or earlier and currently hold any of those shares, you have certain options and you should contact the Shareholders Foundation, Inc. by e-mail at email@example.com or call +1 (858) 779-1554.
The plaintiff alleges that the defendants issued allegedly materially false and misleading statements regarding General Cable's financial performance and business prospects and overstated the Company's reported revenue and that as a result of defendants' statements, General Cable's stock traded at artificially inflated prices between May 2, 2011 and November 4, 2013, trading as a high of $47.90 per share on May 2, 2011.
On October 15, 2013, General Cable Corporation disclosed that the Company would be restating previously issued financial statements for fiscal years 2008 through 2012, along with the interim periods. In addition, General Cable Corporation will be restating the quarterly report for the three months ended March 29, 2013. On November 4, 2013, General Cable Corporation announced preliminary selected estimated results for the third quarter ended September 27, 2013. Shares of General Cable Corporation declined from $34.41 per share on November 4, 2013, to $27.87 per share on November 5, 2013.
The plaintiff seeks to recover damages on behalf of all purchasers of General Cable Corporation common stock between May 2, 2011 and November 4, 2013.
Those who purchased shares of General Cable Corporation have certain options and should contact the Shareholders Foundation.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT: Shareholders Foundation, Inc. Trevor Allen +1 (858) 779-1554 firstname.lastname@example.org 3111 Camino Del Rio North Suite 423 San Diego, CA 92108
Source:Shareholders Foundation, Inc.